Alex, Great article!!!!!!!!! I have a question for the "group". I have a nonprofit group called Adventure Scientists for Conversation using our one available office. We charge $250 a month for 140 sq. ft. He's now grown to 8 people and has asked to expand into our small conference room, which is 325 sq. ft. We still have a larger conference room that can be used for small or large groups. Right now, their expanding group uses the small one too when not rented.
I had one commercial realtor tell me to charge $14/sq. ft. plus triple net of $3. Then a another realtor I have been working with in exploring downtown space said my formula was all wrong. He came over and wrote out the following: Whole building sq. ft. = 5,250 Blue Ocean Innovation Center - 2500 Common Area in Blue Ocean - 1440 - large open work area and kitchen and couch area Common Area in Entry Way and two bathrooms and access to outdoor area - approximately 510 sq. ft (shared by dental office in the other half We own the building and pay $8,000/year as a member of a two building association for landscaping, parking, snow removal, trash/recycling. We also pay $8500 in annual taxes for our building alone. Coworkers get "free" printing and free color to a certain #, free coffee & tea... The math formula provided by the last realtor said to figure out their percentage of entire Blue Ocean space, the # of sq ft of Common Area Space (CA), the triple net costs and come in with more square footage by percentage of their space and CA usage, charget $12 per square ft and $3 triple net... Does anyone have a better formula or comments on the above. I could let them us the conference room as they are and still charge more because they have grown from 2-8 employees and not give it to them at all...it has to make economic sense. Thank you! Becky, Founder On Wed, Apr 2, 2014 at 2:08 AM, <[email protected]> wrote: > Today's topic summary > > Group: http://groups.google.com/group/coworking/topics > > - Who's tracking their membership > churn?<#145217c21b52754b_group_thread_0>[4 Updates] > - Airbnb now offer hourly desk space > booking!<#145217c21b52754b_group_thread_1>[6 Updates] > - Academic Coworking <#145217c21b52754b_group_thread_2> [2 Updates] > - How did you find your coworking > space?<#145217c21b52754b_group_thread_3>[1 Update] > - How to approach a new market with the coworking > concept?<#145217c21b52754b_group_thread_4>[1 Update] > > Who's tracking their membership > churn?<http://groups.google.com/group/coworking/t/56e2ff7ac7d9e6ed> > > Alex Hillman <[email protected]> Apr 01 05:27PM -0400 > > As the business aphorism goes, it's a lot easier to keep an existing > customer than it is to get a new one. > > I know there are a variety of systems out there that people are using, > I'm ...more<http://groups.google.com/group/coworking/msg/346193f36fbfa3ac> > > Back to top <#145217c21b52754b_digest_top> > > > Jacob Sayles <[email protected]> Apr 01 02:43PM -0700 > > Fun stuff! Yes, we track this stuff in Nadine and have some staff > facing > stats pages that show us some basic data. I'd love to dive deeper and > I'm > always trying to recruit data nerds that want to > ...more<http://groups.google.com/group/coworking/msg/9f5b409013027e44> > > Back to top <#145217c21b52754b_digest_top> > > > Glen Ferguson <[email protected]> Apr 01 06:03PM -0400 > > I recently started calculating average monthly recurring revenue, > average > member lifetime, average lifetime of past members, member lifetime > value, % > renewal rates (which is the opposite of churn, > ...more<http://groups.google.com/group/coworking/msg/e0d01d2f8eef478a> > > Back to top <#145217c21b52754b_digest_top> > > > rachel young <[email protected]> Apr 01 07:14PM -0400 > > We've tracked member usage since almost day 1, which was 4yrs ago, so > we > can see how long a member has been here, when their anniversary date > is, > and what their usage patterns are. > ...more<http://groups.google.com/group/coworking/msg/511172078a9ef603> > > Back to top <#145217c21b52754b_digest_top> > > Airbnb now offer hourly desk space > booking!<http://groups.google.com/group/coworking/t/6aad03f93d40b0c6> > > [email protected] Apr 01 08:50AM > > airbrb.com really? > > -----Original Message----- > From: Victoria Arnold <[email protected]> > Sender: [email protected] > Date: Tue, 1 Apr 2014 01:03:20 > To: <[email protected]> > ...more<http://groups.google.com/group/coworking/msg/97c3991d2f27257b> > > Back to top <#145217c21b52754b_digest_top> > > > "Eric Y.F Lim" <[email protected]> Apr 01 04:59PM +0800 > > Very good idea! I tried to register my spare table ..... then I > realized > today is 1st April :D > > > ...more <http://groups.google.com/group/coworking/msg/3ff47d88edda5500> > > Back to top <#145217c21b52754b_digest_top> > > > Victoria Arnold <[email protected]> Apr 01 02:16AM -0700 > > haha yes! so did I... renting your desk while you're at the > bathroom... > talk about resource utilisation > > On Tuesday, 1 April 2014 09:59:27 UTC+1, Eric Y.F Lim wrote: > ...more <http://groups.google.com/group/coworking/msg/568e3492ff270dbd> > > Back to top <#145217c21b52754b_digest_top> > > > [email protected] Apr 01 09:18AM > > :) > > -----Original Message----- > From: Victoria Arnold <[email protected]> > Sender: [email protected] > Date: Tue, 1 Apr 2014 02:16:41 > To: <[email protected]> > ...more <http://groups.google.com/group/coworking/msg/192caa85d8572bff> > > Back to top <#145217c21b52754b_digest_top> > > > "Christian M. Macy" <[email protected]> Apr 01 02:19PM -0700 > > But seriously has anyone found a good way to tie in with AirBnB so > that > when someone is visiting they know where they can go to work other > than the > living room or a coffee shop? > ...more <http://groups.google.com/group/coworking/msg/866ad1c5fa71f75c> > > Back to top <#145217c21b52754b_digest_top> > > > Rena Tom <[email protected]> Apr 01 02:34PM -0700 > > I talked to them well a year ago about something like this. They were > starting a neighborhood ambassador program where people would be > directed > to the local coffee shop where they could learn the > ...more<http://groups.google.com/group/coworking/msg/657dd22100424abc> > > Back to top <#145217c21b52754b_digest_top> > > Academic > Coworking<http://groups.google.com/group/coworking/t/5016e494f584f279> > > "Piotr Boulangé" <[email protected]> Apr 01 10:06AM -0700 > > This is very good paper for starters! and also the coworking space > looks > great. Nice website BTW > Thank you for sahring. If I should have any question, I'll get back to > you. > > PB > ...more <http://groups.google.com/group/coworking/msg/90a8dd744022919> > > Back to top <#145217c21b52754b_digest_top> > > > Soleil Onoya <[email protected]> Apr 01 10:50AM -0700 > > Hi Tamara, > > Thanks for sharing that link. It's quite informative and I really > enjoyed > reading it. > > Cheers, > Soleil > > On Monday, March 31, 2014 8:02:19 AM UTC-7, Tamara Acosta wrote: > ...more <http://groups.google.com/group/coworking/msg/24a5bce1e01a22f0> > > Back to top <#145217c21b52754b_digest_top> > > How did you find your coworking > space?<http://groups.google.com/group/coworking/t/daba6051397edea5> > > Barbara Sprenger <[email protected]> Apr 01 10:30AM -0700 > > Hi Karina, > Where are you looking? We have a couple of amazing brokers. With both, > we > were satisfied with the deal, and they went even further -- getting us > an > even better deal! LoopNet is the > ...more<http://groups.google.com/group/coworking/msg/bf0e084279d60d3c> > > Back to top <#145217c21b52754b_digest_top> > > How to approach a new market with the coworking > concept?<http://groups.google.com/group/coworking/t/ff4b267c3fdda95c> > > Daniel Rivera <[email protected]> Apr 01 07:20AM -0700 > > Alex Hillman has a great article on focusing on your first 10. > http://dangerouslyawesome.com/2011/09/how-to-fund-your-coworking-space/ > > I'm from South TX too, what is the name of your space? Can > ...more<http://groups.google.com/group/coworking/msg/b99eca299dc5fa6d> > > Back to top <#145217c21b52754b_digest_top> > > -- > Visit this forum on the web at http://discuss.coworking.com > --- > You received this message because you are subscribed to the Google Groups > "Coworking" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > For more options, visit https://groups.google.com/d/optout. > -- *Becky H. Smith, Ed.D., Founder* *Blue Ocean Innovation Center* 1820 W. Lincoln St. Bozeman, MT 59715 406-551-1262 406-579-2849 <[email protected]> [email protected] [email protected] *[image: https://view.vistage.com/images/brandcentral/signature/US_Signature.gif]* This e-mail is a private communication and may contain confidential information. If you are not the intended recipient, please note that any disclosure, copying, distribution or use of the information contained in or attached to this e-mail is strictly prohibited. Please notify the sender of the delivery error by replying to this message and then delete this e-mail. Thank you. -- Visit this forum on the web at http://discuss.coworking.com --- You received this message because you are subscribed to the Google Groups "Coworking" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
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